Govt seeks regulator's nod to sell IDBI Bank stake to LIC

The buyout will cost LIC about Rs 100 billion, based on the Rs 248 billion market capitalisation of IDBI Bank as on Friday, and assuming it acquires a 40 per cent equity stake from the government.......

How insurance firms plan to make your life easier

Inter-operability with other insurance companies - apart from banks, medical centres, among others - would be the eventual goal. Illustration: Uttam Ghosh/Rediff.com Thirteen Indian insurance......

Sensex plunges 305 points on Fed rate hike likelihood, weak rupee

The S&P BSE Sensex slipped 305 points to end at 25,400 and the Nifty50 dropped 87 points at 7,783.   Markets suffered losses after likelihood of an interest rate hike by the US Federal......

How life insurance companies get celebrities on a small budget

Life insurance companies are balancing the increasing use of celebrity endorsers by limiting the association to short, event-led campaigns, finds M Saraswathy.     It seemed like an......

Thomson to train Mumbai pacers ahead of domestic season

Jeff Thompson arrives in Mumbai. Photograph: PTI Having missed touring India during his cricket career, former Australian fast bowler Jeff Thomson arrived in Mumbai early this morning to impart......